Course List

This is an introductory course designed to cover both a practical and theoretical understanding of the principles and concepts involved in the preparation of financial statements. You are exposed to a conceptual analytical approach, with the aim of improving your critical thinking and communication skills, especially in the area of accounting.

In this course, students are sensitized to an understanding of current cost and management accounting theory and practice. Emphasis is placed on the concepts and procedures of product costing, the tools of managerial accounting such as C-V-P analysis and budgeting, as well as, strategies that help the manager to perform the functions of planning, controlling and decision making. This prerequisite knowledge provides the foundation for the levels II & III Management Accounting courses. The course makes use of some simple mathematical concepts including the basic mathematical operations, solving simple linear equations and graphing linear functions.

This course is a pre-requisite for ACCT2015 which is offered in Semester 2.

Essential Texts:
 
All students are required to purchase the following texts, available online at Amazon.com.
 
Intermediate Accounting: IFRS Edition, Volumes 1 & 2, 1st edition, Kieso, D., Weygandt, J. and Warfield, T., 2010. John Wiley.
 
This text is required for ACCT2014 and ACCT2015. You are advised to purchase this text for your use at Levels 2 and 3 of the programme.
 
Assessment: 40% Coursework, 60% Final exam

Essential Texts:

Intermediate Accounting: IFRS Edition, Volumes 1 & 2, 1st edition, Kieso, D., Weygandt, J. and Warfield, T., 2010. John Wiley. 
 
Assessment: 40% Coursework, 60% Final exam

This course is designed to expose students to management accounting techniques, analysis and reporting. It reviews, reinforces and expands on the introductory cost and management accounting course, ACCT1003. It commences with a review of the basics in management accounting and then gets more detailed in the areas of costing methods, cost-volume-profit relationships, budgetary planning, variance analysis, relevant costs and decision making. It ends with quality management in the organization, together with contemporary issues affecting business. Each unit is comprised of detailed theory, worked examples and reinforcement questions designed for ease of learning and the increased facility that comes with practice.

This course is designed to address the following key areas: the principles and nature of fraud; the strategies to prevent fraud and the proactive approaches to detect fraud. The course will also emphasize the various techniques used in fraud investigation including financial statement fraud, asset appropriation, liability and inadequate disclosure and consumer fraud. It will emphasize the importance of the need for all levels of staff to discharge their respective fiduciary responsibilities with integrity and a sense of accountability.

The course is intended to enable students with the requisite skills in accounting and computing to apply them to the practice of financial accounting, management accounting and finance. It integrates the modern development of business management and information technology in achieving strategic, operational and problem solving practices within the organization. The course seeks to develop students’ ability to discuss an organization’s use of AIS in transaction processing and evaluate the design of such information systems in the business accounting environment.

Credits: 3

This course is designed to enable students to prepare and use management accounting information to make informed decisions to ensure that the present and future goals of the organization will be achieved.

Credits: 3

Accounting theory is a capstone undergraduate course for learners specializing in accounting. The main purpose of this course is to critically examine the role of financial accounting theories and frameworks in understanding the nature and form of regulated and voluntary accounting information choices.

Credits: 3